Aspects of the Evolution from Risk Management to Enterprise Global Risk Management

Abstract

Industry 4.0 transforms the economy through “destructive” technologies and new risks. It is requiring update of the views and the dealing with uncertain environment. The goal of this paper is to summarize the mainly used risk management standards, to analyze the general aspects of evolution of risk management, enterprise risk management, enterprise integrated risk management and to suggest the concept for the next step which is enterprise global risk management, where are implemented Industry 4.0 risk and Artificial Intelligence. The proposed concept considers organizational-hierarchical structure of the enterprise as
complex, the risk management policy as global, the respective actions as permanent and the orientation toward risks as adaptive. It is determent the future development in connection with enterprise resource planning.